The Wall Street Journal recently ranked its ten top US locations to own a second home, listing Maui as its premiere locale. With stiff competition coming from landmark destinations such as The Hamptons, Palm Beach, and Park City; the gravity of Maui’s top ranking cannot be overemphasized.
Consistently rated the “Best Island in the World” by travel experts, this Hawaiian beauty underwent a growth spurt during the past decade that some critics bemoaned as excessive. But the southern coast, anchored by the hamlet of Wailea, has weathered it all well. One of the first master-planned resort communities in the nation, it’s a balanced blend of understated gated communities, luxury resort hotels, three excellent golf courses, a tennis center and, of course, several crescent sandy beaches. Wailea has 500 single-family homes, and their views are stunning: lush, verdant hills, brilliantly blue ocean and, after the steamy sun showers, rainbows over the horizon.
Though this may come as a surprise to many of our mainland friends, this ranking comes as no shock to those who have had the pleasure of experiencing the island of Maui. Moreover, Maui is leading the way not simply to a Hawaii revival, but a nationwide rebound. Principle catalysts behind the luxury real estate comeback include the budding of a bull market in 2010, the leveling out of home prices, as well as the general stabilization of the national economy. Bargain hunters and savvy real estate investors alike see huge potential in buying in the current Hawaii market. Likewise, primary home residence values have risen in the first several months of 2010, as well as condo sales. As the flood of positive Hawaii Real Estate news continues, even the most pessimistic of us have begun to find hope in our islands once more.
The entire article may be accessed here: 10 Best Places for Second Homes
Leave a Reply